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Financials ...Masco Corp. reported a 19% increase in net sales

Masco Corp. reported a 19% increase in net sales for the first quarter ended March 31, aided by acquisitions, to a first quarter record $2.5 billion. Net income for the quarter was $165.8 million. Operating profit margins in the 2003 first quarter were negatively impacted by sales being somewhat lower than expected due to adverse weather conditions in certain markets and by higher energy, insurance and pension costs.

Masco's favorable sales performance has continued early in the current quarter, and, based on present business trends, the company expects to achieve record sales and earnings for 2003.

Alsons, Aqua Glass, Brass Craft, Brasstech and Delta Faucet are among the plumbing product brands offered by Masco in North America.